Bankwell Financial Group, Inc. (NASDAQ:BWFG) announced a quarterly dividend on Thursday, October 19th, Wall Street Journal reports. Investors of record on Friday, November 17th will be paid a dividend of 0.07 per share by the bank on Monday, November 27th. This represents a $0.28 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, November 16th.
Shares of Bankwell Financial Group (BWFG) opened at $33.46 on Wednesday. The firm has a market cap of $254.67, a price-to-earnings ratio of 16.92 and a beta of 0.56. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.12 and a current ratio of 1.12. Bankwell Financial Group has a 52 week low of $25.53 and a 52 week high of $38.50.
In other news, Director Blake S. Drexler bought 1,128 shares of Bankwell Financial Group stock in a transaction dated Monday, November 6th. The stock was bought at an average price of $36.59 per share, for a total transaction of $41,273.52. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David P. Dineen sold 1,218 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $35.77, for a total transaction of $43,567.86. Following the completion of the sale, the executive vice president now owns 5,625 shares of the company’s stock, valued at approximately $201,206.25. The disclosure for this sale can be found here. Insiders sold a total of 16,968 shares of company stock valued at $624,365 in the last 90 days. Company insiders own 22.37% of the company’s stock.
A hedge fund recently raised its stake in Bankwell Financial Group stock. State Street Corp increased its stake in Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,468 shares of the bank’s stock after purchasing an additional 3,305 shares during the quarter. State Street Corp owned 1.13% of Bankwell Financial Group worth $2,666,000 at the end of the most recent quarter. Institutional investors own 48.22% of the company’s stock.
Several analysts have recently commented on BWFG shares. restated a “buy” rating and issued a $37.00 target price on shares of Bankwell Financial Group in a research note on Thursday, July 27th. cut shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday.
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Bankwell Financial Group Company Profile
Bankwell Financial Group, Inc is a bank holding company. The Company offers a range of financial services through its banking subsidiary, Bankwell Bank (the Bank). The Bank is a Connecticut state non-member bank. The Bank provides a range of banking services to commercial and consumer customers, concentrated in the Fairfield and New Haven Counties region of Connecticut.
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